Why is Rockingdeals Cir falling/rising?
As of 16-Sep, Rockingdeals Circular Economy Ltd's stock price is at 206.75, down 2.59%, and has significantly underperformed its sector and the broader market. Despite a recent increase in trading volume, the stock has a poor year-to-date return of -62.63% and continues to face challenges.
As of 16-Sep, Rockingdeals Circular Economy Ltd is experiencing a decline in its stock price, currently at 206.75, which represents a decrease of 5.5 or 2.59%. The stock has underperformed its sector by 2.34% today. While the stock's performance today shows it is higher than the 5-day, 50-day, and 100-day moving averages, it remains lower than the 20-day and 200-day moving averages. Additionally, the stock has seen a significant increase in investor participation, with a delivery volume of 10.25k on September 15, rising by 138.37% against the 5-day average. However, the stock's year-to-date return is notably poor at -62.63%, and it has also underperformed over the past month and year, indicating ongoing challenges.In the broader market context, the Sensex has outperformed Rockingdeals Circular Economy Ltd, with a 1-week return of +1.49% compared to the stock's +0.32%. Over the past month, the benchmark has returned +2.47%, while the stock has declined by -1.78%. This trend continues into the yearly performance, where the Sensex is up by 6.74%, contrasting sharply with the stock's significant drop of -66.47%. The overall market conditions appear to favor the benchmark, suggesting that external factors may be contributing to the stock's struggles, despite the recent increase in trading volume indicating some investor interest.
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